Do you think that the HODL approach is good bitcoin? - page 18.

jonathan6655321

member

Activity: 286

Merit: 23

GuerrillaBuzz: Top Web3 PR & Marketing Agency

Quote from: anushkasachith888 on September 05, 2018, 12:01:15 PM

I think buying at the dip and selling at the pump is the good option to choose. HODL can be good if you are an investor who has plenty of money to invest and you have plenty of income ways. but if you don't have enough money to invest and wait longer time periods HOLD can't be painful for you. that's what thas happened to me right now.l

but the community approach is HODL no matter what. It makes the small player beleive in kind of utopia, and when the market crash, they can't do anything

Nnedaddy1

copper member

Activity: 294

Merit: 1

There are at times in this cryptocurrency business that you wished, you had sold earlier.
But never the less, holding for long is better....as you get to see reasonable profit on your holdings.

bitcoindusts

sr. member

Activity: 1092

Merit: 271

HODL when you can, why not. At the end, it is your welfare that you look after at, not anyone else's.

But come to think of it, hodling poses a serious problem too. Hodl for too long and you might end up in a bear trap. Unable to withdraw your investment since you will lose substantially more instead of gaining even just a bit. As you said, you have been hodling for over a year now, how much did you invest for your bitcoin? I'm pretty sure you could have gained a lot already should you decided to sell during last year's ATH.

Now you will be forced to hodl on an extended period and wait for the bullish season (luckily it seems it's about to start soon). So for me, i'd be wise should i decide to hodl.

ganlianshifu1

member

Activity: 392

Merit: 10

Only btc has the meaning of HODL!
Other cryptocurrencies have little investment value. BTC is the most valuable currency in cryptocurrency. You can see that BTC is half the market value of the cryptocurrency market, which means that most people invest in BTC!

Goodnuel

copper member

Activity: 381

Merit: 0

Hold may not always be a good thing for bitcoin. I prefer that people regularly make use of their bitcoin for payment transactions and all other things they do.. If people use their bitcoin, it becomes much more difficult to manipulate.

xuan87

legendary

Activity: 1666

Merit: 1001

Yeah holding long for long term got the positive and negative side, it's better to spend and buy, so Bitcoin got a good transactions volume, but if you don't really understand about the market then holding is better than sell in a wrong time, and aiming for long term is easier to make profit

Dondont

member

Activity: 446

Merit: 12

BitbondSTO.com | Germany’s First STO

Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I wonder what the community think about it.
I personally HODL for almost a year, I made some money and lost some money, But generally, I'm positive about the long run. I'm just curious about the fact that maybe we are the one who make it possible for big companies to influence the price in such an easy way

You should make a backup action, put some assets in the net, and some for trading, it's better. Not all in, then hold. It might be good for those who have long-term goals, but sometimes we also need assets at unexpected times.

a4techer

sr. member

Activity: 552

Merit: 250

In the case of bitcoin that their is no stable value or it always fluctuating short term investing and trading is not applicable if you always monitoring the value it most approach was the long term investment because for you to know what is the big different of long term and short term and yes it is more approach to hodl your bitcoin.

White Christmas

sr. member

Activity: 882

Merit: 258

★Bitvest.io★ Play Plinko or Invest!

Quote from: chidrawarster on September 05, 2018, 10:03:16 AM

I have seen many people winning in the long run rather than short term as short term they are in only for some few points. But in the long run fortunes are made if they are held for sometime. Big players also manipulate the market but sometimes wise choices are always in our hands when to pull the trigger and when to exit. We all have our own strategy of trading and booking profits.

I think it depends on the situation and when theh are going to sell. Because I already saw a short term investment which profit more than in long term. It just matter on when you are going to sell your bitcoin in the market. And I believe that people cant manipulate the market since it was decentralized. But we cant do anything for it anyway, only we have to go sith flow and make your own strategy where you wont lose your money.

brylle34

full member

Activity: 476

Merit: 100

it depends on you, but if you think in the long run, bitcoin will sure get its all time high. This price drop is a great opportunity for every one of us to buy and then sell if you get your profit target. We will see what will happen by december.

Fire316

newbie

Activity: 281

Merit: 0

For me Yes...just hold bitcoin when price is cheaper because if you sell it of course you will surely lose your bitcoin and not gain earnings. But if you hold it even for a long term i am sure that you will earn profit. You just need a lot of patience to do this.

9jaflick

sr. member

Activity: 728

Merit: 254

You can only hold coin you believe it has a future, sometimes you get hit really hard for holding coin too long and sometimes you just blessed for being a great hodler.

As for the market manipulation, we can't stop it!
As far as crypto remains decentralized, the big whales will continue to manipulate the market, we can't stop them

mickeybuddy27

full member

Activity: 429

Merit: 102

Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Do you think that the HODL approach is good bitcoin?
Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

Everyone that think that HODL approach is necessary in bitcoin and even in other altcoins. We believe that long term run can give good profit as the price gets expensive. No matter how other manipulate the price, we have to let it go on. There is nothing to be afraid of even the price goes down, it will bounce again.

idex100

newbie

Activity: 224

Merit: 0

Holding is a good strategy to investing in bitcoin, it is hard to see the rationale behind it in a short term assessment or in a bear market, over the course of time, you will discover it is a smart thing to do

BALIK

copper member

Activity: 2296

Merit: 609

🍓 BALIK Never DM First

For bitcoin and most good altcoins I think it's a good approach, but you definitely need have strong willpower to be able to do so, to ride out the inevative bear periods that will come between. In the end, Bitcoin should be able to reach a value of $100,000 but it will just take up to a decade to get there. So long as you can hold off unti then, there's plenty of potential for the long term.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Do you think that the HODL approach is good bitcoin?

I do not want to look meanly here, but I realized that Hold brings greater benefits to the rich because the rich can invest a lot of money
and they can Hold for many years. Let's give an example:

Last year bitcoin reached more than $17,000. A rich could take $5 million and buy bitcoin at the price of $17000 and hold for many years. Even if now the price has dropped to $7000, for the rich this is not a big problem, because the day the price recovers he will have huge profits. But imagine someone who invests only $1000. Profit will be very low... And that's why a lot of people rush to invest in altcoins that have the potential to have huge price increases over the long term.

Quote from: jonathan6655321 on September 05, 2018, 10:00:43 AM

Sometimes I think that because so many people HODL it makes is easier for some big players to manipulate the price.

I did not see anyone show proof of who is manipulating the price, I see some groups of pump and dump when it comes to altcoins.

Anish02

member

Activity: 588

Merit: 10

Yes, absolutely hodl is the best thing to make a good amount of profit without taking much risk. So basically if you are holding your bitcoin until its price increases, then you will never suffer from the loss.

burkay

full member

Activity: 644

Merit: 103

CAT.EX Exchange

Making investment tools hodl is a way to gain long term, but you must have a patience like steel. I'm not in favor of hodl personally

supermine

hero member

Activity: 826

Merit: 518

HODL can be good or bad depends on the run we are in like bull or bear run,yes the manipulation can be done if lot of people holding the bitcoin without the appropriate knowledge about it because most of the time the whales just initiate the price drop and the people will start to panic resulted in huge loss so buy the bitcoin if you know the risk behind it.

liuqi

sr. member

Activity: 1092

Merit: 257

LuckyB.it is Back!

Obviously, It is good approach in Bitcoin because Holding is a future investment so many peoples are interested to invest this platform. But too many issues are created in crypto market so currently many peoples are avoid these things. Again Bitcoin is going to moon that day everyone believe this platform and long term investment is a right choice for this coin.

Topic: Do you think that the HODL approach is good bitcoin? - page 18. (Read 3592 times)